XRP Price Struggles Near $2.00 as Bullish Momentum Fades

XRP’s recent bullish momentum appears to be fading as it struggles to maintain support above the crucial $2.00 level. After bouncing from $1.95—a key level aligning with the 200-day EMA—XRP surged toward the $2.20–$2.30 resistance zone. However, its failure to break this level has triggered renewed selling pressure, putting its short-term recovery in jeopardy.

The XRP/USDT chart shows the token remains locked within a descending wedge pattern, reflecting continued long-term consolidation. Although a breakout is still possible, the fading momentum and increasing bearish volume suggest otherwise. The $3 psychological resistance, once a near-term target, now seems distant as overall market sentiment turns cautious.

Traders are closely watching the $2.00 support level. A drop below this could push XRP back toward $1.95—the 200-day EMA—which has historically sparked brief rallies. However, if this support fails, the price could decline further into the $1.80 range. On the upside, reclaiming the $2.26–$2.28 range, which aligns with the 50-day EMA, is critical for any bullish continuation.

The Relative Strength Index (RSI) hovering around 40–43 highlights a bearish bias, although not yet oversold. Combined with low trading volume, this signals market uncertainty. The next decisive move for XRP will likely hinge on whether it can break out above resistance or fall below key support in the coming days.